In the medium to long run, we see enormous opportunities for Vinda’s tissue and high-end personal care brands. In order to capture the growth under the competitive and challenging environment, our focuses for 2018 will be on product portfolio enhancement, active cost saving, innovation, product pricing management, and operational efficiency improvement.”

Mr. Li Chao Wang, Chairmansaid, “2017 marked the tenth anniversary of Vinda’s listing on Hong Kong’s stock market, where we have achieved exponential growth in both the scale of business and financial results for the past decade. Looking ahead, Vinda will grasp even more opportunities and move forward to become a leading hygiene company in Asia.”

Since 1 April 2016, the completion date of the acquisition of SCA Asia business in Malaysia, Taiwan and Korea by the Group, the financial figures of business of SCA Asia have been consolidated into the financial results of the Group. Therefore, with respect to the calculation of the organic revenue growth, the data recorded between January and March excluded the acquired Asia business in Malaysia, Taiwan and Korea, as well as the exchange rate effects; whereas for the calculation of the organic revenue growth between April and December, only the exchange rate effects were excluded.

Net gearing ratio: Total borrowings less bank balances and cash and restricted deposits divided by total shareholders’ equity.